Its last auction was held in March when it provided 294,553.06 carats for spot auction and 97,577.75 carats for term supply.
Spot supply refers to the number of similar lots offered in the auction while term supply refers to the number of corresponding sale lots supplied through term contracts.
ODC conducts an online auction following customer viewings of the sales lots at their offices in Gaborone.
With access to 15 percent of Debswana's run-of-mine production, ODC was said to be an “important” supplier to the market with sales in the region of $500 million per annum.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished